Rookie here: what is the etiquette with using an agent?

Question

I’m new to BP and investing. I’m reading a lot and moving my pieces into place to make my second purchase and I want to find a deal for BRRRR.

I have several contacts and acquaintances that are agents. I really don’t want to sign any agreements with agent too quickly but I’m not sure what the etiquette is. I’m guessing an agent may not want to bring me anything if I don’t have sign an agreement with them. But what if I do sign and then another friend (agent) comes along and presents a deal?  Is there such a thing as having a couple agents on your team?

Thanks for reading!

Phil Greely · Answer

As long as you’re not wasting their time, explain that you want to continue to buy good deals and if they bring one to you...you’ll use them to buy it. But you want to invest at scale and need to evaluate deals from other agents too. If YOU find a deal, then you’ll have to pick an agent to work with to write it up. If an investor told me that, I wouldn’t make them sign an exclusive contract.  But I WOULD go to work to find a deal for them so I could sell it to them. One man’s opinion!

Wale Lawal · Answer

@Brian Coley Know what you want and set expectations clear in your first communication.

Do not waste their time.

Goodluck